Where did you buy bitcoin before

1.

The remitter pays bitcoin directly to the recipient's address through a computer or smart phone

bitcoin transaction data is packaged into a "data block" or "block", and the transaction is initially confirmed. When the block is connected to the previous block, the transaction will be further confirmed. After six successive large amount confirmations, this transaction has basically been irreversibly confirmed

bitcoin peer-to-peer network stores all its transaction history in the "blockchain". The blockchain continues to grow, and once new blocks are added to the blockchain, they can no longer be deleted. Blockchain is actually a distributed database, which is composed of a group of scattered customer nodes and all participants. It records the history of all bitcoin transactions

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users can buy bitcoin, and then use computers to do a lot of calculations to "mine" them. When users "dig" bitcoin, the computer will search for 64 digit numbers, and then compete with other gold diggers to repeatedly solve the puzzle and provide the number needed by the bitcoin network. If the user's computer successfully creates a set of numbers, it will get 25 bitcoins

From 2012 to 2014, bitcoin swept the world, graally forming a "virtual currency" instry chain represented by bitcoin. This is a reform of the financial instry and a new proct of the combination of the financial instry and the Internet. It represents a financial milestone in the new era and opens a new chapter in the history of the Internet. Bitcoin fund is one of the derivatives represented by bitcoin in the era of "virtual currency"

FXCM China said bitcoin fund will open in autumn 2014. FXCM bitcoin fund, as the world's first mutually beneficial and win-win financial model, has a new look, but it is also full of temptations and challenges

2.

Bitcoin is purchased on BTCC global

purchase method

users can buy bitcoin, and at the same time, they can use the computer to "mine" bitcoin according to the algorithm. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins

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transaction mode

bitcoin address and private key appear in pairs, and their relationship is like bank card number and password. A bitcoin address is like a bank card number, which is used to record how much bitcoin is stored in the address

you can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key can prove ownership of the bitcoin at that address

we can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep the address and private key when using bitcoin wallet

3.

1 dollar = 1300 bitcoins. This is bitcoin. In 2009, 1 dollar = 1 bitcoin in 2011, 900 dollars = 1 bitcoin in 2013, and about 3880 dollars = 1 bitcoin on August 20, 2017. The highest price of bitcoin in history was on December 17, 2017, 19756 dollars per bitcoin

bitcoin is a virtual currency, and the total amount is set at 21 million, and the total amount is fixed. Bitcoin players can buy special video card miner to excavate bitcoin, and halve the number of mining bitcoin every four years until 21 million pieces have been excavated

so far, bitcoin has been halved twice, more than 17 million pieces have been excavated, and only about 4 million pieces remain to be excavated. According to some estimates, the last bitcoin will be excavated in 2140

General currency is decided by the central bank and virtual currency is decided by indivials. The sovereignty of general currency is in the center of the Republic; The sovereignty of virtual currency lies in distributed indivial nodes

from the perspective of information economics, general currency is a special case of virtual currency. The special point of this special case is:

first, the reference point remains unchanged. Therefore, value is specialized from a set to a recible value. When the reference point remains unchanged, value is equivalent to utility

Secondly, the gain and loss of utility relative to the reference point remain unchanged. This means that the value of reference point is a stable rational value and equilibrium value. In a rational economy, the reference point may remain unchanged, but it is still a scattered set. The difference is that every point (the actual transaction price) of this decentralization is unstable, and only the equilibrium value is stable

But in the value concentration of virtual currency, every point may be stable, on the contrary, the rational equilibrium value may be unstable. Reflecting on the monetary decision mechanism, the central bank is the personified representative of a fixed reference point of rational value, while the virtual money market (such as stock market and game money market) is determined by forces other than the central bank

It is in this sense that some people in economics call the stock market virtual money market and the economy formed by stock market and derivative financial market virtual economy. The essence of virtual economy is information economy with indivial as the center

4. Bitcoin is global, that is to say, when bitcoin appeared, it had already entered China. However, very few people knew about bitcoin at that time. In 2013, CCTV reported bitcoin several times. Now, the number of people who heard about bitcoin has increased a lot.

5. It's relatively easy to buy bitcoin. You can buy it directly through the bitcoin trading platform. However, there are many digital currency exchanges now. If you don't know the name of a small exchange, don't go.

6.

Bitcoin is forbidden to trade in China

Digital trading is illegal in China. Financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, or directly or indirectly provide customers with other services related to bitcoin

all financial institutions, Payment institutions and Internet websites providing bitcoin registration, trading and other services should report to China Anti Money Laundering Monitoring and Analysis Center immediately if they find suspicious transactions related to bitcoin and other virtual commodities, and cooperate with the anti money laundering investigation activities of the people's Bank of China; If any criminal activity clues such as fraud, gambling, money laundering are found using bitcoin, they should report to the public security organ in time

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prohibit bitcoin related services, including:

< P > 1, providing bitcoin registration, trading, clearing, settlement and other services for customers

2. Accept bitcoin or use bitcoin as a payment and settlement tool

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4. Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin

5. Take bitcoin as the investment target of trust, fund, etc< br />

7. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

response time: January 18, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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